Multiple choice

Section 80C of the Income Tax Act allows certain investments and expenditure to be deducted from total income up to the maximum of limit of

  1. Rs. 1,00,000

  2. Rs. 1,25,000

  3. Rs. 1,50,000

  4. Rs. 1,75,000
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Section 80C of the Income Tax Act allows deductions up to Rs. 1,50,000 for specified investments like PPF, ELSS, life insurance premiums, tuition fees, and home loan principal repayment.

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